Every type of business requires some type of business loan, whether it is start-up capital, inventory, office rental, or equipment. However, each business has its own unique circumstances, and obtaining traditional bank loans for start-ups is a difficult process. The interest rates associated with bank loans are often very high, so how do you find the easiest business loan? Here are some resources to get your business started.
If you’re thinking about obtaining a business loan, you’re probably wondering if Credibility Capital is the right option for you. Their online application process is simple and requires minimal information. To apply, you will need to provide a brief description of your business, the financial needs, and the start date of your business. You’ll also need to provide your current credit score and personal information. Once you’ve submitted your application, a representative from Credibility Capital will call you within 24 hours to discuss your requirements. You can expect to receive your funds in as little as 7 days after approval.
The OnDeck Business Loan is one of the easiest business loans to obtain because the approval process is fast and easy. Instead of waiting in lines to apply, you can apply online or over the phone. All you need to know is your business tax ID, three months bank statements, and a Social Security number. After you apply, you’ll receive a response within one business day. If approved, you can receive the money the same day.
One of the most enticing features of the Easiest Business Loan to Get With Kabbage is the fact that its fees are fully disclosed on the website. Kabbage’s terms and conditions are also easy to understand. The company also offers a helpful resource center. Its monthly fee ranges from 0.25% to 3.50%, depending on your repayment terms and credit score.
A Line of Credit is the quickest way to get a business loan from Fundbox. Fundbox offers lines of credit for 12 or 24 weeks. Other lenders offer longer terms, but Fundbox doesn’t require you to provide collateral. You’ll only be charged interest on what you use. Fundbox also offers automatic withdrawals, so you never have to worry about missing a payment. Fundbox offers two types of lines of credit, the revolving and the fixed-rate loan.